Abbreviated Company Accounts - JMS DENTAL LABORATORY LIMITED

JMS DENTAL LABORATORY LIMITED - Company Information

05935314 JMS DENTAL LABORATORY LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 05935314 2013-10-01 2014-09-30 05935314 2014-09-30 05935314 2013-09-30 05935314 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 05935314 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:Director3 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 05935314

JMS DENTAL LABORATORY LIMITED

Abbreviated Accounts

30 September 2014

JMS DENTAL LABORATORY LIMITED Registered Number 05935314

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	112,500	121,875
Tangible assets	3	36,352	20,933
		148,852	142,808
Current assets
Stocks		6,164	6,242
Debtors		45,229	50,734
Cash at bank and in hand		7,426	17,201
		58,819	74,177
Creditors: amounts falling due within one year		(95,118)	(112,894)
Net current assets (liabilities)		(36,299)	(38,717)
Total assets less current liabilities		112,553	104,091
Creditors: amounts falling due after more than one year		(7,396)	-
Provisions for liabilities		(3,680)	(2,566)
Total net assets (liabilities)		101,477	101,525
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		101,377	101,425
Shareholders' funds		101,477	101,525

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 November 2014

And signed on their behalf by:
Felix Balerdi, Director

JMS DENTAL LABORATORY LIMITED Registered Number 05935314

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 10% & 33.3% straight line
Motor vehicles - 20% straight line

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences
between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

2Intangible fixed assets

	£
Cost
At 1 October 2013	187,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	187,500
Amortisation
At 1 October 2013	65,625
Charge for the year	9,375
On disposals	-
At 30 September 2014	75,000
Net book values
At 30 September 2014	112,500
At 30 September 2013	121,875

3Tangible fixed assets

	£
Cost
At 1 October 2013	39,663
Additions	26,981
Disposals	(15,749)
Revaluations	-
Transfers	-
At 30 September 2014	50,895
Depreciation
At 1 October 2013	18,730
Charge for the year	6,662
On disposals	(10,849)
At 30 September 2014	14,543
Net book values
At 30 September 2014	36,352
At 30 September 2013	20,933

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Felix Balerdi
Description of the transaction:	Advances to director
Balance at 1 October 2013:	£ 0
Advances or credits made:	£ 34,615
Advances or credits repaid:	£ 34,615
Balance at 30 September 2014:	£ 0

Interest was charged on the overdrawn balance at 4% pa.